Don’t keep calm and carry on: simplify your cash management processes

The best solutions for business are simple, usable, and flexible. If you're a growing business, it's so easy to turn a blind eye when you manage with a patchwork of spreadsheets or struggle with slow and inflexible financial accounting packages. You and your teams put up with it because there's work to be done, there's no time to lose and you don't want to let your customers down.

But how much are you putting your business at risk by keeping a stiff upper lip and managing with a "Keep Calm and Carry On" approach? When even the simplest processes like invoicing and month-end closing can take hours (or even days) to complete, your cash flow is going to be impacted. When your employees are unsure about how to enter data or find the data they need, they are more likely to make errors, and you are more likely to base your decision-making on incorrect information.

Don't put up with it

Your business needs people, and your people need the right tools. Update the systems that often bog them down and you'll be amazed at the impact on their productivity (and how they feel about working for you). By automating and streamlining your core business processes to eliminate repetitive tasks, you can free up everyone time to focus on what's most important.

This is where Dynamics NAV from Microsoft comes in.

Dynamics NAV is an ERP (Enterprise Resource Planning) solution with built-in workflows to generate new orders, prepare invoices, and export reports in less time and with fewer errors. Financial data can be quickly shared and used by different departments to monitor budgets, track actual project expenses, and run payroll. And importantly, your cash can be managed, simply and accurately every step of the way.

Tools to track and manage your cash:

• A cash-flow calendar lets you look back or look ahead to see how your funds flow in and out of your business.
• Bank reconciliation tools give you a clear look at your actual cash on hand as well as all your deposits and debits across all your bank accounts.
• Track account receivables effortlessly to make sure you're getting paid as quickly as possible.
• Simple, out-of-the-box report pulls a list of customers whose balances are over a threshold you choose, allowing you to prioritise and evaluate their history to make a decision on how best to manage them.

You'll also find that your teams find Microsoft Dynamics NAV simple and easy to use because it looks and feels similar to other Microsoft products that they may already use. It is fully integrated with Office 365 and applications such as Microsoft Word and Microsoft Excel.

You can further set your team at ease by personalising each user's screen with the things that they need for their role. Tailoring by role enables individuals to have quick access to the functions they need, while eliminating functions that they don't need and won't use.

No time?

We know your business can't afford down time, so take a look at how we've made Microsoft Dynamics NAV quick and easy to set up, learn and use.

Take a test drive now or visit the website to learn more about Microsoft Dynamics NAV for small or mid-sized businesses.